Tron had a decent jump and is now pulling back. Retrace fibs indicate on more leg down possible. It is also possible that I missed the dip to buy.
572 sats looks Ideal for support to continue uptrend. 565 sats target would be a 'normal' bottoming process. Break much below 565 puts the uptrend at risk again.
My last analysis looking for the bottom which played out almost prefectly
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Critical moment here: will former support become resistance now?
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Clearly TRX was destined to that 2.618 at 565 sats, and it bounced EXACTLY from it
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We have made a new high, but on the bigger picture we have hit an improtant fib line Tron might need a rest here.
TRX finally showing a tiny bit of life. I stubbornly held my buys from 571/565
EuroMotif
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@ThankUKind, Finally! been holding myself...
And thanks for pointer below about .854, will check it out.
ThankUKind
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@EuroMotif, Right on, glad you held out considering we got this nice opportunity to make profits now. We did bounce the .854 fairly nicely, but ended up dropping below it later. I added it after noticing it gets tagged a lot for some reason lately. Curious to hear if you find any relevance with it.
ThankUKind
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Not sure how to post charts to the comments, but TRX bounced perfect of the .854 retracement line of that last move up. I added the .854 because I have noticed a lot of alts have been going deep like that on their retracements.
ThankUKind
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How you feeling about trx seeing that confirmation? Very nice work, my small long position filled 40% at 571 and 60% at 565!
EuroMotif
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@ThankUKind, HI again.
I am cautiously optimistic here.
I wish that after the 565 bounce it would have stayed above 571/572 or bounced strongly from there.
Still holding longs with SL and BE overall. At least it will be a free attempt to grab the next run....